Constellation Energy Shares Surge on Analyst Optimism and Data Center Growth
Constellation Energy (CEG) shares climbed 2.9% as investor enthusiasm builds around the company's nuclear-powered data center infrastructure. KeyBanc analyst Sophie Karp raised her price target to $417, citing the increasing value of data as a catalyst for Constellation's business. The stock closed at $389.56 yesterday, implying a 7% upside.
The company's plan to restart Three Mile Island's nuclear plant for data center operations has sharpened its appeal in the energy sector. While newer nuclear ventures dominate headlines, Constellation's established infrastructure positions it as a quieter contender in the energy-data convergence.